Margin calls will play a small part IMO
But the major influence will be the hedge funds unwinding there positions.
A favourite of theirs was long RIO short BHP. The unwinding of thse positions will put more pressure on Rio and lend support to BHP
monnkey chomp at $41.00, page-10
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Last
$122.87 |
Change
-1.400(1.13%) |
Mkt cap ! $45.61B | |||
| Open | High | Low | Value | Volume |
| $124.20 | $124.43 | $122.59 | $98.41M | 797.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3102 | $122.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.88 | 435 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |